---
schema_version: "secwatch.filing_event.v1"
accession: "0000046250-25-000021"
form_type: "8-K"
ticker: "HWKN"
cik: "0000046250"
company_name: "HAWKINS INC"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:54:56.815381+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hawkins ups revolving credit facility to $400M, draws $150M for WaterSurplus acquisition

## Summary
- Revolving credit facility increased to $400M from prior $0M; includes $10M LC and $25M swingline subfacilities.
- Drew $150M to acquire substantially all assets of Surplus Management, Inc. dba WaterSurplus.
- Facility matures April 25, 2030; rates based on Term SOFR plus 1.00%-1.85% or base rate plus 0.00%-0.85%.
- Covenants include min. fixed charge coverage 1.15x, max. leverage 3.5x (4.0x after permitted acquisitions).
- JP Morgan Chase, Wells Fargo, and Associated Bank joined as lenders alongside U.S. Bank.

## SEC filing metadata
- accession: 0000046250-25-000021
- form_type: 8-K
- ticker: HWKN
- cik: 0000046250
- company_name: HAWKINS INC
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46250/000004625025000021/0000046250-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46250/000004625025000021/hwkn-20250425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046250-25-000021
- JSON: https://secwatch.observer/filing/0000046250-25-000021.json
- Plain text: https://secwatch.observer/filing/0000046250-25-000021.txt

## Key facts
- Debt Financings
  HAWKINS INC incurred revolving credit of $400.0 million with U.S. Bank National Association at Term SOFR plus between 1.0% - 1.85% maturing April 25, 2030.
  - Instrument: revolving credit
  - Principal: $400.0 million
  - Counterparty: U.S. Bank National Association
  - Rate: Term SOFR plus between 1.0% - 1.85%
  - Maturity: April 25, 2030
  - Event: incurrence
  source text: The Amendment increased the revolving commitment under the Existing Credit Agreement to provide the Company with senior secured revolving credit facilities (the “Revolving Loan Facility”) totaling $400.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/46250/000004625025000021/0000046250-25-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.